2013 and earlier-Mercedes Benz GLK-Class Lease Questions

Comments

Hi westiethewilly. there's nothing wrong with leasing a used vehicle, IF you are able to lease one for significantly less than what it would cost to lease a similar new vehicle. The main problem that I have with used vehicle leases is that traditionally manufacturers have provided much less support on them. As a result, it often turned out that the payments on used vehicle leases were fairly close to, or in some instances even more expensive than, the payments on similar new vehicles.

Banks provide dealers with a list of dollar residual values that they have to use to calculate the depreciation portion of used vehicle lease payments. The other half of the payment, the interest portion would be calculated using the selling price that you are able to negotiate.

I'm far from an expert - I'm just a plain old consumer - but I would never lease a car for longer than it's bumper to bumper warranty. It seems to me that if a car comes with 3/36 and you lease for 39 months, you run the risk that in the 38th month you'll encounter a major, costly problem with the car which you'll be responsible for repairing, and then turning the car in a month later. I know folks sign on for leases like this all the time, but I wouldn't. Perhaps I'm just overly cautious, but I think the possibility is something to consider when deciding on what lease to sign.

Hi Car Man. I have a new GLK on order from Germany, and my purchase/lease terms will be set once it arrives later this month. A dealer in the Seattle area agreed to invoice + $500 for a loaded AWD model.

Any word on the residual and money factor for June? We'll probably only need 10,000 miles per year. Thanks in advance.

Hey, thanks for the post i was wondering what dealership in NJ did you get that quote from? I think its a great deal b/c in NY i was getting the same SUV with similar packages for 750 per month (0 down including taxes). thx

I sure so, julies2. Here you go. Mercedes-Benz Finance's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 AWD with 10,000 miles per year are .00247 and 54%, respectively.

Hey sw286. This truck's monthly payment will depend upon its selling price. For now I will assume that you are able to negotiate a $2,000 dealer discount. According to my calculations, if you were to lease a 2010 GLK350 AWD that has an MSRP of $43,000 and a selling price of $41,000 through Mercedes-Benz Finance right now for 36 months with 10,000 miles per year, your zero down, pre-tax monthly payment should be around $653.

Working deal here in Seattle to trade an '06 ML 500 that I leased thru MB Finance on a new GLK 4Matic, and came across a few bumps with the dealer. I figured MSRP and took 7% off to come to Invoice. I offered to go $500 over invoice, and was ready to make the deal, then the adds started coming:

Hello, I have been following this discussion thread and I had a few questions about my potential deal on a 2010 GLK 350 4Matic. Dealership is in NYC.Here are the vehicle options:413 Panorama Sunroof322 Appearance Pkg319 Lighting Pkg846 Running Boards

Total MSRP including Destination fee of $875 is $40825. Invoice is $38028. Selling price is $36450. So I only got $1578 below Invoice and $4375 off of MSRP.

Is that a good deal?

Also, my lease was coming out to be around $575 with no money down at all.I don't know about Money Factor numbers or percentages on this deal. I got that lease payment quote back in July, and I had to special order this vehicle from Germany because it was not possible to locate. Are there better rates for August on leasing?

My main question is: do I really have to pay advertising fees, bank aquisition fees, dealer prep fees, etc. Or are these things that the dealer will try to stick me with because I got a good deal on the selling price of the vehicle?

Comment: I would question the dealer prep fee. How could they deliver a car to you without "prepping" it? What does "prep" mean exactly? If they don't prep it, will they deliver the car to you exactly as it comes off the truck? Dirty, wrapped in plastic, etc?I find it hard to believe a premium brand like Mercedes which claims to treat it's customers top shelf would charge to prep a car.

Hi crestonave, yes the $575 included the tax. So your saying I should tell them to shove the prep fee, but I have to pay everything else, right? Or can I tell them that I am not willing to pay any other charges like advertising fees?

I sure do, Piaya20. Here you go. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 4Matic with 15,000 miles per year are .00247 and 51%, respectively.

What can I expect to pay for a GLK 350 on a 24 month lease with black interior, black exterior, and panoramic sunroof? If I put about 1,000 down what would be a reasonable monthly payment? For some reason the dealers don't seem to be willing to go below 750 or 800 a month with 1,000 down? Isn't that way too much? Please help.

Hi doheny1. I would be happy to work up a lease payment on this truck for you using Mercedes' actual lease program. However, in order for me to do so, I need you to provide me with ideally this truck's MSRP and approximate selling price...or at least just the MSRP. Let me know and I'll crunch some numbers.

I was looking at the 4MATIC GLK 350 yesterday. They had to do a dealer trade for a particular color. The one we were looking at had a base MSRP of 35.9K. However it had too many miles on it. He found another with less miles and the same exact option, with a higher base MSRP of $36.6. He explained the difference due to the cheaper one being a factory demo. I checked MBUSA web site, and the MSRP is $36.6, but edmunds is reporting $35.9. Can anyone enlighten me on the difference? Thanks.

Do you have Mercedes-Benz Financial's current (for SEPTEMBER) rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 4Matic with 15,000 miles per year ?

We have asked for a quote way back in July from a dealership in PA and it was .00247 and 51% respectively (just like what you said in your previous post). This month, it seemed like the money factor has increased.

I certainly do, Piaya20. Here you go. Mercedes-Benz Financial's current buy rate lease money factor and residual value for a 36 month lease of a 2010 GLK350 4Matic with 15,000 miles per year are .00247 and 51%, respectively. Amazingly, these numbers haven't changed since the last time I gave them to you several months ago.